Fountain Valley, California and Austin, Texas--(Newsfile Corp. - March 25, 2026) - Moving iMage Technologies, Inc. (NYSE American: MITQ) ("MiT"), a leading provider of advanced out-of-home entertainment technology and services for cinemas, stadiums, arenas, esports, and immersive venues worldwide, today announced a three-year strategic agreement with Alamo Drafthouse Cinema. Under the agreement, Alamo Drafthouse will deploy MiT's DCS-branded cinema loudspeaker systems across its circuit, further enhancing ...

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Core Viewpoint - Allspring is focused on transforming investment management to enhance value for clients through innovative investment, distribution, and operational experiences [1] Group 1 - Allspring emphasizes thoughtful investing and purposeful planning as part of its core mission [1] - The company aims to elevate the investment experience to create greater worth for clients [1] - Allspring is reimagining the investment management landscape to provide a game-changing experience [1]

Core Insights - Alamo Group reported a decline in net sales and profitability in Q4 2025, primarily due to weaker performance in its Vegetation Management Division, while the Industrial Equipment Division showed strength [4][7][8]. Financial Performance - Selling, general and administrative expenses increased by 9.3% to $58.3 million, including $3.2 million in acquisition and integration costs [1]. - Adjusted EBITDA for the quarter was $44.8 million, representing 12% of sales, down from $51.8 million (13.4% of sales) in the previous year [1]. - Net sales for Q4 2025 were $373.7 million, a 3% decrease from the prior year, with gross profit declining to $85.0 million and gross margin falling by 110 basis points to 22.7% [3][7]. Division Performance - The Industrial Equipment Division saw net sales rise by 4.2% year over year to $234.9 million, with adjusted EBITDA increasing to $41.5 million (17.7% of sales) [8]. - The Vegetation Management Division experienced a 13.2% drop in net sales to $138.7 million, with adjusted EBITDA declining to $3.2 million (2.3% of sales) [13][14]. Market Outlook - Management anticipates a slowdown in Industrial end-markets, projecting "flattish to low-mid single digit" growth in 2026, while targeting a near-term recovery in Vegetation margins to approximately 8% operating margin [5][11]. - The company aims for long-term financial targets of around 15% operating margin and 18-20% adjusted EBITDA margins [5][24]. Cash Flow and Capital Allocation - Alamo reported operating cash flow of $177.5 million for 2025, with a free cash flow conversion of 142% of net income [6][16]. - The company completed the Petersen acquisition in January 2026, funded by a $120 million revolver draw and approximately $50 million in cash [6][18]. Strategic Initiatives - The leadership team has outlined strategic initiatives focused on people and culture, commercial excellence, operational excellence, and capital deployment [22]. - The company is in the final testing phase of a next-generation hybrid sweeper and plans to divest certain product lines within the Vegetation Management Division to enhance margins [23].

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $373.7 million, down 3% from Q4 2024 [9] - Gross profit for Q4 2025 was $85 million, compared to $91.8 million in Q4 2024, with a gross margin of 22.7%, down 110 basis points [9] - SG&A expenses for Q4 2025 were $58.3 million, up 9.3% from Q4 2024 [10] - Adjusted EBITDA for Q4 2025 was $44.8 million, or 12% of net sales, down from $51.8 million, or 13.4% of net sales in Q4 2024 [11] - Adjusted earnings per share for Q4 2025 were $1.70, compared to $2.39 in Q4 2024 [11] Business Line Data and Key Metrics Changes - Industrial Equipment Division net sales for Q4 2025 were $234.9 million, an increase of 4.2% compared to Q4 2024, with adjusted EBITDA of $41.5 million, or 17.7% of net sales [12] - Vegetation Management Division net sales for Q4 2025 were $138.7 million, a decrease of 13.2% compared to Q4 2024, with adjusted EBITDA of $3.2 million, or 2.3% of net sales [13] Market Data and Key Metrics Changes - The Industrial Equipment Division represented 59% of total net sales, while the Vegetation Management Division represented 41% [20][23] - Net orders in the Industrial Equipment Division were up 21% year-over-year, while net orders in the Vegetation Management Division were down 3% [19][23] Company Strategy and Development Direction - The company is focusing on four strategic pillars: People and culture, Commercial excellence, Operational excellence, and Capital deployment [25] - The company has completed the expansion of its manufacturing facility in France, nearly doubling its size to support growth in Western Europe [25] - The company is pursuing tuck-in acquisitions, with a robust M&A pipeline, focusing on businesses with similar sales channels and product categories [52][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction and growth potential over the next three to five years [8] - The company anticipates a slowdown in growth rates for the Industrial Division in 2026, expecting flattish to low to mid-single-digit growth [32] - Management noted that the Vegetation Management Division is expected to stabilize and improve in 2026, with a goal to return to adjusted operating margins of around 15% in the long term [50][64] Other Important Information - The company recognized $7.3 million in restructuring expenses in Q4 2025, which are treated as adjustments for non-GAAP measures [11] - The company has approved a 13.3% increase in its quarterly dividend to $0.34 per share [17] Q&A Session Summary Question: What are the growth expectations for the Industrial Division in 2026? - Management expects flattish to low to mid-single-digit growth in 2026, with a focus on quality of earnings rather than chasing low-margin sales [32][33] Question: Can you provide details on the Petersen acquisition? - The Petersen acquisition is expected to be accretive and is in a growth end market, with management planning to make investments to drive synergies [36][37] Question: How do you expect Vegetation Management margins to progress in 2026? - Management anticipates margin improvement in Q1 2026, aiming to return to adjusted operating margins of around 8% by mid-2026 [50][64] Question: What is the current state of the M&A pipeline? - The M&A pipeline is robust, focusing on tuck-in acquisitions primarily in the industrial space, with a preference for businesses close to the company's core operations [52][53]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $373.7 million, down 3% from Q4 2024 [9] - Gross profit for Q4 2025 was $85 million, compared to $91.8 million in Q4 2024, with a gross margin of 22.7%, down 110 basis points [9] - Adjusted EBITDA for Q4 2025 was $44.8 million, or 12% of net sales, compared to $51.8 million, or 13.4% of net sales, in Q4 2024 [11] - Adjusted earnings per share for Q4 2025 was $1.70, down from $2.39 in Q4 2024 [11] - SG&A expenses for Q4 2025 were $58.3 million, up 9.3% from Q4 2024 [10] Business Line Data and Key Metrics Changes - Industrial Equipment Division net sales for Q4 2025 were $234.9 million, an increase of 4.2% compared to Q4 2024, with adjusted EBITDA of $41.5 million, or 17.7% of net sales [12] - Vegetation Management Division net sales for Q4 2025 were $138.7 million, a decrease of 13.2% compared to Q4 2024, with adjusted EBITDA of $3.2 million, or 2.3% of net sales [13] Market Data and Key Metrics Changes - The Industrial Equipment Division represented 59% of total net sales, while the Vegetation Management Division accounted for 41% [20][24] - Net orders in the Industrial Equipment Division were up 21% year-over-year, while net orders in the Vegetation Management Division were down 3% [19][23] Company Strategy and Development Direction - The company is focusing on four strategic pillars: People and culture, Commercial excellence, Operational excellence, and Capital deployment [25] - The company completed the expansion of its manufacturing facility in France, nearly doubling its size to support growth in Western Europe [25] - The company is pursuing tuck-in acquisitions, with a robust M&A pipeline, focusing on businesses with similar sales channels and product categories [27][52] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction and growth potential over the next three to five years [8] - The company anticipates a slowdown in growth rates for the Industrial Division in 2026, expecting flattish to low to mid-single-digit growth [32] - Management noted that the Vegetation Management Division is expected to stabilize and improve margins in 2026, aiming for adjusted operating margins of 15% in the long term [50][62] Other Important Information - The company approved a 13.3% increase in its quarterly dividend to $0.34 per share [17] - The company is in the process of divesting certain product lines that do not fit its long-term strategy [67] Q&A Session Summary Question: What are the growth expectations for the Industrial side in 2026? - Management expects flattish to low to mid-single-digit growth in 2026, with a focus on quality of earnings in the Snow business [32][33] Question: Can you provide details on the Petersen acquisition? - The Petersen acquisition is expected to be accretive and is in a growth end market, with a management team remaining in place [36][37] Question: How do you expect Vegetation margins to progress through 2026? - Management anticipates margin improvement in the Vegetation Management Division, aiming to return to at least 8% adjusted operating margins in 2026 [50][62] Question: What is the current M&A pipeline looking like? - The company is focused on tuck-in acquisitions, primarily in the Industrial space, with a robust pipeline being developed [52]

Financial Data and Key Metrics Changes - Net sales for Q4 2025 were $373.7 million, down 3% from Q4 2024 [7] - Gross profit for Q4 2025 was $85 million, compared to $91.8 million in Q4 2024, with a gross margin of 22.7%, down 110 basis points [7][8] - SG&A expenses for Q4 2025 were $58.3 million, up 9.3% from Q4 2024 [9] - Adjusted EBITDA for Q4 2025 was $44.8 million, or 12% of net sales, compared to $51.8 million, or 13.4% of net sales, in Q4 2024 [10] - Adjusted earnings per share for Q4 2025 were $1.70, down from $2.39 in Q4 2024 [10] Business Line Data and Key Metrics Changes - Industrial Equipment Division net sales for Q4 2025 were $234.9 million, an increase of 4.2% compared to Q4 2024, with adjusted EBITDA of $41.5 million or 17.7% of net sales [11] - Vegetation Management Division net sales for Q4 2025 were $138.7 million, a decrease of 13.2% compared to Q4 2024, with adjusted EBITDA of $3.2 million or 2.3% of net sales [12] Market Data and Key Metrics Changes - The Industrial Equipment Division represented 59% of total net sales, while the Vegetation Management Division represented 41% [19][21] - Net orders in the Industrial Equipment Division were up 21% year-over-year, while net orders in the Vegetation Management Division were down 3% [18][21] Company Strategy and Development Direction - The company is focusing on four strategic pillars: People and culture, Commercial excellence, Operational excellence, and Capital deployment [24] - The company has completed the expansion of its manufacturing facility in France, nearly doubling its size to support growth in Western Europe [24] - The company is pursuing tuck-in acquisitions, with the recent acquisition of Petersen Industries seen as a positive addition to its portfolio [26] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction over the next three to five years, despite challenges in the current operating environment [6] - The company anticipates a slowdown in growth rates for the Industrial Division in 2026, expecting flattish to low to mid-single-digit growth [31] - Management expects to see improvements in the Vegetation Management Division as production efficiencies are realized [50] Other Important Information - The company approved a 13.3% increase in its quarterly dividend to $0.34 per share [16] - Cash provided by operating activities for FY 2025 was $177.5 million, down from $209.8 million in FY 2024 [13] Q&A Session Summary Question: Will growth rates slow down in the Industrial Division? - Management expects flattish to low to mid-single-digit growth in 2026, with a focus on quality of earnings rather than chasing low-margin sales [31][32] Question: What about the Petersen acquisition? - Petersen is expected to be accretive and is in a growth end market, with management planning to make investments to drive synergies [35][36] Question: How will Vegetation Management margins progress in 2026? - Management anticipates sequential improvement in margins from Q4 2025 to Q1 2026, aiming to return to at least 8% adjusted operating margins in the longer term [50][51] Question: What is the M&A pipeline looking like? - The company is focused on tuck-in acquisitions, primarily in the industrial space, with a robust pipeline being developed [53]

Core Insights - The Industrial Equipment division experienced a growth of 4.2%, attributed to favorable pricing, market share gains, and the acquisition of Ring-O-Matic, despite challenges in the snow business [1] - Vegetation Management revenue saw a decline of 13.2%, influenced by suppressed housing starts affecting tree care and hesitance in municipal budgets impacting mowing equipment orders [1] - Gross margin compression of 110 basis points was noted due to lower volumes, inventory reserves for discontinued lines, and tariff costs [1] Strategic Initiatives - Management is shifting the snow business strategy to focus on quality of earnings and margin profile rather than pursuing low-margin market share [1] - Operational inefficiencies in consolidated facilities are being addressed through KPI-driven improvements, with full alignment expected by mid-2026 [1] - The company is transitioning from a 'fast follower' to a 'first mover' in product innovation, exemplified by a new proprietary electric sweeping architecture [1] Portfolio Management - Portfolio optimization has led to the identification of several non-profitable product lines for potential divestiture or discontinuation throughout 2026 [1]

March 2026 Investor Presentation SAFE HARBOR STATEMENT This presentation and related conference call contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and represent only the Company's beliefs and expectations. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted res ...

Core Viewpoint - Alamo Group reported quarterly earnings of $1.7 per share, missing the Zacks Consensus Estimate of $2.06 per share, and down from $2.39 per share a year ago [1] Financial Performance - The earnings surprise for the quarter was -17.61%, with a previous quarter's earnings of $2.34 per share also missing expectations of $2.61 per share by -10.34% [2] - Revenues for the quarter were $373.65 million, missing the Zacks Consensus Estimate by 6.49%, compared to $385.32 million in the same quarter last year [3] Stock Performance - Alamo Group shares have increased approximately 27.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates of $2.39 for the upcoming quarter and $11.20 for the current fiscal year, alongside revenues of $404.3 million and $1.67 billion respectively [5][8] - The Zacks Rank for Alamo Group is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Manufacturing - Farm Equipment industry, to which Alamo Group belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]